Bombardier, Inc. Class B (TSE:BBD.B) Sets New 52-Week High Following Analyst Upgrade

Bombardier, Inc. Class B (TSE:BBD.B)’s stock price reached a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from C$263.00 to C$287.00. Royal Bank Of Canada currently has an outperform rating on the stock. Bombardier, Inc. Class B traded as high as C$250.81 and last traded at C$249.78, with a volume of 252855 shares changing hands. The stock had previously closed at C$246.75.

BBD.B has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price target on Bombardier, Inc. Class B from C$170.00 to C$215.00 in a report on Wednesday, November 19th. National Bankshares boosted their target price on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research report on Tuesday, December 2nd. Raymond James Financial upped their target price on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Desjardins lifted their price target on shares of Bombardier, Inc. Class B from C$239.00 to C$260.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, TD Securities boosted their price objective on shares of Bombardier, Inc. Class B from C$181.00 to C$197.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$232.09.

Bombardier, Inc. Class B Price Performance

The stock has a market cap of C$24.77 billion, a P/E ratio of 67.69, a price-to-earnings-growth ratio of 6.26 and a beta of 1.64. The stock’s 50 day simple moving average is C$223.94 and its two-hundred day simple moving average is C$189.42.

Bombardier, Inc. Class B Company Profile

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.